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The Bureau of Internal Revenue (BIR) missed its tax collections target for October, and despite the 6.5-percent increase from a year earlier, the pace of growth reflects a slowdown from the 22.9 percent recorded in September. Data released by the BIR on Monday showed the agency collected P101.8 billion in…

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PERSONAL remittances by overseas Filipino workers (OFWs) reached $2.33 billion in September, higher than the $2.27 billion recorded in August and up 8.1 percent from last year, the central bank said on Monday. Remittances in September last year stood at $2.16 billion. Cumulative remittances in the nine months to September…

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TAIPEI, Taiwan: The Republic of China (Taiwan) is inviting the world to invest through its Free Economic Pilot Zone (FEPZ) project, a key step in ensuring that Taiwan remains on the development fast track, according to a Taiwan high official. “To put the FEPZs in proper perspective, it is worth…

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THE Philippine Stock Exchange index (PSEi) was firmer at the start of the week on selective buying, bucking regional weakness following news that Japan has officially entered a recession. Optimism over the upcoming release of third-quarter gross domestic product (GDP) figures on November 27 also buoyed local sentiment as earnings…


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DESPITE the looming power shortage next year, the Electric Vehicles Association of the Philippines (EVAP) remains firm in promoting the use of electric vehicles in the country. EVAP President Rommel Juan said electric vehicles should not be viewed as a contributor to the country’s power problems. “Electric vehicles must not…

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THE Energy department is set to award next month coal areas for operation and development to the private sector under the Philippine Energy Contracting Round 5. According to Energy Undersecretary Zenaida Monsada, they are targeting to award the contract to the private sector by December 18. “The target is next…

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A lawmaker raised concerns in the framework agreement currently being drafted by the Philippines and the United States to increase rotational military presence of American troops in the country amid the escalating tensions over the West Philippine Sea (South China Sea). Rep. Antonio Tinio of ACT Teachers’ Party-list scrutinized the…

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A television journalist turned lawmaker has filed a Magna Carta for Journalists bill which scraps the accreditation clause provided under the earlier proposal of Sen. Jose “Jinggoy” Estrada. Rep. Sol Aragones of Laguna province made the proposal under her House Bill 2568 which does not distinguish ‘accredited’ from ‘non-accredited journalists’…

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Malacañang on Tuesday condemned the attack allegedly perpetrated by the communist New People’s Army (NPA) in Pantukan town, Compostela Valley that injured seven Army soldiers. Reports said that the soldiers were conducting a peace and development activity when they hit a landmine planted by the NPA in the area. Palace…

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THE Senate finance committee on Tuesday approved the P2.8 billion proposed 2014 budget of the Office of the President (OP) this despite of the clamor to have the so called presidential “pork” abolished amid the controversy hounding the priority development assistance fund (PDAF) It only took the Senate panel, chaired…